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NEW YORK (AP) - The New York Times Co. said Wednesday that it expects lower profits in the first quarter and reported uneven advertising results for February amid weakness at its New England media group, which includes The Boston Globe.
The company, which also publishes the International Herald Tribune and a group of regional newspapers, forecast net income of 22 cents to 24 cents per share, which includes estimated costs for job cuts of 3 cents to 4 cents per share.
Excluding the charges, analysts polled by Thomson Financial had expected earnings of 29 cents per share.
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